Coinbase CEO Brian Armstrong announced the company’s decision to reassess its token listing process due to the rapid growth of new cryptocurrencies.

Coinbase CEO Brian Armstrong says that the crypto exchange will need to rethink how it lists new coins for trading given the never-ending tidal stream of new tokens being created.

Coinbase CEO Brian Armstrong highlighted significant challenges in evaluating new cryptocurrency tokens due to an overwhelming surge in their creation, with approximately 1 million new tokens being generated weekly.

Coinbase CEO Brian Armstrong said the exchange needs to rethink the listing process for new tokens, as around 1 million are created weekly and urged regulators to adapt their approval methods to benefit customers.

The chief executive of top US-based crypto exchange platform Coinbase says that traditional finance (TradFi) institutions are about to ramp up their crypto investments.

Donald Trump’s recently launched meme coin forms part of a massive influx of crypto tokens to the market that the industry is struggling to cope with, leading figures have warned. Coinbase CEO Brian Armstrong, who heads one of the world’s largest cryptocurrency exchanges, revealed that around 1 million new tokens are being created every week.

Investing.com -- Coinbase (NASDAQ: COIN) CEO, Brian Armstrong, suggested a significant change to the company's token listing process over the weekend. He stated that the current method of evaluating each token individually is no longer practical due to the rapid creation of approximately one million tokens per week.

The CEO of Coinbase, the largest cryptocurrency exchange in the United States, has proposed reevaluating the company’s asset listing process in response to the rapid surge in new token creations. In a January 24 post on X,